First Asset Announces Risk Rating Changes for Two Mutual Funds

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, May 8, 2019 /CNW/ - First Asset Investment Management Inc. ("First Asset") announced today that the risk ratings of certain of its mutual funds ("Funds") have changed as described in the table below. The changes will be reflected in the Funds' prospectus and fund facts that will be filed on or about May 8, 2019. The risk rating changes are based on the methodology mandated by the Canadian Securities Administrators and are not a result of any changes to the investment objectives, strategies or management of the Funds.

FUND

New

Risk Rating

Prior

Risk Rating

First Asset REIT Income Fund

Low to Medium

Medium

First Asset Canadian Dividend Opportunity Fund

Low to Medium

Medium

The Funds' prospectus and each of their respective fund facts documents can be found on our website at www.firstasset.com or at www.sedar.com. A copy of the standardized risk classification methodology used by First Asset to identify the investment risk levels of the Funds is available on request, at no cost, by calling us at 416-642-1289 or 1‐877‐642‐1289.

This communication is intended for informational purposes only. Please read the prospectus before investing. Copies of the prospectus may be obtained from your investment advisor, First Asset or at www.sedar.com. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus before investing. Investments in the Funds are not guaranteed; their values change frequently and past performance may not be repeated.

The Funds are managed by First Asset Investment Management Inc., a subsidiary of CI Financial Corp., which is listed on the Toronto Stock Exchange under the symbol "CIX". TMFirst Asset and its logo are trademarks of a subsidiary of CI Financial Corp. and ®CI FINANCIAL is a registered trademark of CI Investment Inc., used under license.